Foreign Investors Net Sell VND 606B on HOSE, Buy FPT VND 482B on June 2

Overview

On June 2, foreign investors net sold VND 606 billion on HOSE, extending their selling streak. The selling was broad-based, with HPG, HDB, ACB, CTG, and VPB each seeing net sales of over VND 100 billion. However, FPT (FPT Corporation) bucked the trend with net buying of VND 482 billion, making it the standout stock for foreign inflows. Proprietary trading desks also net sold slightly, with MSN the most sold and VHM the most bought.

Key Facts

• Foreign investors net sold VND 606 billion on HOSE on June 2, with total buying of VND 1,824 billion and selling of VND 2,429 billion.
• FPT was the top net-bought stock by foreign investors, with net buying of VND 482 billion.
• HPG was the most net-sold stock by foreign investors, with net selling of VND 124 billion.
• HDB saw net selling of VND 122 billion, ACB VND 119 billion, CTG VND 106 billion, and VPB VND 103 billion.
• Proprietary trading desks net sold slightly, with MSN the most net-sold (VND 31 billion) and VHM the most net-bought (VND 37 billion).
• FPT closed at VND 74,800, up 2.61% on the day, with volume of 17.4 million shares.
• The VN-Index fell more than 18 points on the session.

What Happened

According to data from the HOSE trading session on June 2, foreign investors executed a net sell order of VND 606 billion, with total buy value of VND 1,824 billion and sell value of VND 2,429 billion. The selling was concentrated in several large-cap stocks: HPG (VND 124 billion), HDB (VND 122 billion), ACB (VND 119 billion), CTG (VND 106 billion), and VPB (VND 103 billion).

In contrast, FPT was the only major stock to see significant net buying from foreign investors, with net purchases of VND 482 billion. This divergence highlights a selective foreign appetite for technology stocks amid broad-based selling. Proprietary trading desks also recorded a net sell of a smaller magnitude, with MSN being the most sold (VND 31 billion) and VHM the most bought (VND 37 billion).

Market Context

On June 2, the VN-Index fell over 18 points, reflecting broad market weakness. FPT, listed on HOSE, closed at VND 74,800, up 2.61% on the day, outperforming the index. The stock saw volume of 17.4 million shares, indicating strong interest. In contrast, HDB fell 3.30%, HPG dropped 1.46%, and ACB rose 0.80%. The foreign selling pressure on banks and steel stocks aligns with recent trends of foreign outflows from Vietnamese equities, while FPT’s net buying suggests continued foreign interest in the technology sector.

Strategic Significance

FPT’s ability to attract significant foreign buying during a broad-based sell-off underscores its position as a preferred technology play in Vietnam. The company’s strong fundamentals, including its software services and digital transformation exposure, continue to draw foreign capital even as other sectors face headwinds. The sustained foreign selling in banking and steel stocks may reflect concerns about sector-specific risks or broader market sentiment. For long-term investors, FPT’s resilience highlights its potential as a defensive growth stock within the Vietnamese market.

What to Watch

• Continuation of foreign net selling in HPG, HDB, ACB, CTG, and VPB in subsequent sessions.
• FPT’s ability to maintain foreign buying momentum, especially if the VN-Index remains under pressure.
• Any regulatory or macroeconomic announcements that could shift foreign investor sentiment.
• Proprietary trading desk activity, particularly further net selling in MSN or net buying in VHM.
• Upcoming earnings reports from FPT and the heavily sold banks to assess fundamental drivers.